60% Buy to Let Mortgages

Our buy to let mortgage comparison search engine has quickly found and compared all the 60% buy to let mortgages on the market. We have access to every 60% LTV deal across the whole range of buy to let mortgage lenders. See product details such as interest rates, fees, and monthly costs for all products currently on the market.

Why you should aim for a 60% LTV Buy to Let mortgages

60% Buy to Let Mortgages

The letting market is currently very strong and so landlords are generally able to make a good profit on their rents due to people taking longer to get onto the housing ladder and also those who live and work in different places and so choose to rent somewhere during the week instead of commuting. It is obvious that it is going to be better to have a larger deposit for your new property than a smaller one, but you should always make sure you have researched the market because there is more to picking a mortgage than looking for the lowest interest rate.

What to take into consideration when looking for a 60% Buy to Let mortgage

Clearly you are going to be interested in the interest rate that you will have on your mortgage as this is going to affect how large your monthly repayments are, but you should not take this figure in isolation as there are a few other things you also need to consider that can also significantly impact on the overall cost of your mortgage.

The next thing you should look at is the arrangement fee. 60% loan to value buy to let mortgages vary significantly between products with some having fees as low as around £1000, while others operate a percentage of loan fee, which means that the larger your loan, the more you will pay to take the mortgage out. The fees tend to be between 1.5% and 3.5% of the total loan, which means that on a loan of £250,000 for example you could pay as much as £8750 in arrangement fees alone.

See rates for 65% buy to let mortgages

Fixed Rate Buy to Let Mortgages

Don’t forget about the fixed rate term

The length of the fixed rate period can also be a significant factor in your decision on mortgage product. A mortgage that offers you slightly higher interest rates but over a much longer time, for example five years rather than two years, can provide you with a much greater level of payment stability, which could be a very wise move if there are interest rate rises being predicted for the next twelve months.

Get advice

If you are struggling to figure out the best deal then you always have the option of going to a specialist buy to let mortgage broker who will take the hard work out of identifying the right BTL mortgages and who can provide you with easy to understand cost comparisons.

Compare fixed rate buy to let mortgage rates
Compare variable rate buy to let mortgage rates

Related buy to let mortgage product pages

85% buy to let mortgages | 80% mortgages | 75% buy to let mortgages | 70% buy to let mortgages | 65% buy to let mortgages | 60% buy to let mortgages | Buy to let Mortgage Broker | Buy to Let Mortgage Calculator

Related fixed rate mortgage deals

2 year fixed rate buy to let mortgages | 3 year fixed rate buy to let mortgages | 5 year fixed rate buy to let mortgages | Compare all fixed rate buy to let mortgages

Related mortgage articles

We are independently reviewed by our verified customers and web users:
Rating: 4.4 / 5 with 14 votes

Lending Expert - We Are Regulated Market Experts